Brexit
Medlem sedan Feb 22, 2011
4862 inlägg
Jun 10, 2016 at 18:36
xgavinc posted:I believe it will have impact on EUR as well.
As I thought, they don't seem to be worried about the EUR pairs... anyone think EUR may be volatile?
Medlem sedan Dec 11, 2015
1487 inlägg
Jun 14, 2016 at 08:32
It will have impact on all EUR and GBP pairs, in my opinion. As you can see here (https://smnweekly.com/tag/brexit/), most self-respecting brokers have hiked their margin requirements for these pair and the closer we get to the referendum, more and more of them do the same. I would avoid these pairs in the next ten days.
Medlem sedan May 11, 2011
235 inlägg
Jun 14, 2016 at 10:17
XM will inform clients in due time via mass email what their protocol will be (re margin / leverage). I set my EA's to halt opening new trades on EUR and GBP for the remainder of this month. Just wondering if other pairs may be dragged into the soup, like CHF (not EU or EEA member but is part of the single market - EFTA) and RUB (not that I trade RUB though).
For every loss there should be at least an equal and opposite profit.
Medlem sedan Feb 22, 2011
4862 inlägg
Jun 14, 2016 at 10:39
lets say EUR drops a lot so based on eurusd USD will gather strength so USDCHF will go up. Does it make sense?
Medlem sedan May 11, 2011
235 inlägg
Jun 14, 2016 at 10:52
Unless the sentiment on the outcome is positive and EUR rises... and would the outcome, regardless, be favorable to Swiss arrangements?, in which case USD could do the inverse and CHF gains strength, or the pair doesn't budge. Ahh, the joys of Forex! X-)
I don't think the moves on other pairs would be as pronounced, but they are likely to move, which is what we traders want... direction is the tough one though.
I don't think the moves on other pairs would be as pronounced, but they are likely to move, which is what we traders want... direction is the tough one though.
For every loss there should be at least an equal and opposite profit.
Medlem sedan May 11, 2011
235 inlägg
Jun 14, 2016 at 10:59
I wont be looking for quick gains either way, I'll stick to my trading plan and see what develops. I'm trading daily charts so it's not like I need any specific scalping decision.
For every loss there should be at least an equal and opposite profit.
Medlem sedan Feb 22, 2011
4862 inlägg
Jun 15, 2016 at 08:18
It seems Brexit wont happen:)
https://www.bloomberg.com/graphics/2016-brexit-watch/
https://www.bloomberg.com/graphics/2016-brexit-watch/
Medlem sedan May 11, 2011
235 inlägg
Jun 15, 2016 at 08:57
togr posted:
It seems Brexit wont happen:)
https://www.bloomberg.com/graphics/2016-brexit-watch/
Still a close call. History has proven polls to be unreliable, anything can still happen as the number of people who have not taken part in the poll far exceed those who have, and some who want to keep their vote secret will instinctively choose the opposite side when taking part in a poll. I am however confident that a Bremain is more likely if voters actually understand the pro's vs con's and were adequately informed with facts and not propaganda.
For every loss there should be at least an equal and opposite profit.
Medlem sedan Feb 22, 2011
4862 inlägg
Jun 15, 2016 at 15:32
xgavinc posted:It could. But all brokers is sending emails about Brexit. Not referendum. It is like they had already left EU.togr posted:
It seems Brexit wont happen:)
https://www.bloomberg.com/graphics/2016-brexit-watch/
Still a close call. History has proven polls to be unreliable, anything can still happen as the number of people who have not taken part in the poll far exceed those who have, and some who want to keep their vote secret will instinctively choose the opposite side when taking part in a poll. I am however confident that a Bremain is more likely if voters actually understand the pro's vs con's and were adequately informed with facts and not propaganda.
Medlem sedan Feb 22, 2011
4862 inlägg
Jun 16, 2016 at 08:36
(redigerad Jun 16, 2016 at 08:37)
Well majority of brokers are prepared, they have decreased leverage like 10 times.
Medlem sedan Nov 14, 2015
325 inlägg
Jun 16, 2016 at 23:28
(redigerad Jun 16, 2016 at 23:28)
Brexit campaign suspended.
Medlem sedan Dec 04, 2010
1557 inlägg
Jun 17, 2016 at 00:55
betting book makers reducing chance of Brexit, maybe linked to killing of pro brexit politician and suspension of campaigning, pound has certainly really shot up!, euro recovered too
Medlem sedan Dec 11, 2015
1487 inlägg
Jun 18, 2016 at 08:31
Brokers are panicking ahead of Brexit though. (https://smnweekly.com/2016/06/17/brokers-seem-to-panic-ahead-of-uk-vote/). Some have even said they don't know when they'll return to normal operations and trading conditions, others have changed all orders to close-mode only, some are refusing to trade EUR,GBP and CHF pairings altogether.
Medlem sedan Dec 04, 2010
1557 inlägg
Jun 18, 2016 at 10:52
mlawson71 posted:yes I think they are afraid of another SNB event with huge swings causing negative balances for clients and bankruptcies etc. I still think Britain will remain as most undecided will just vote to stay and keep status quo and not risk change. we will see. I won't have any GBP trades over and any EUR trades open I will have hedged.
Brokers are panicking ahead of Brexit though. (https://smnweekly.com/2016/06/17/brokers-seem-to-panic-ahead-of-uk-vote/). Some have even said they don't know when they'll return to normal operations and trading conditions, others have changed all orders to close-mode only, some are refusing to trade EUR,GBP and CHF pairings altogether.
Medlem sedan Feb 22, 2011
4862 inlägg
Jun 18, 2016 at 14:10
aeronthomas posted:mlawson71 posted:yes I think they are afraid of another SNB event with huge swings causing negative balances for clients and bankruptcies etc. I still think Britain will remain as most undecided will just vote to stay and keep status quo and not risk change. we will see. I won't have any GBP trades over and any EUR trades open I will have hedged.
Brokers are panicking ahead of Brexit though. (https://smnweekly.com/2016/06/17/brokers-seem-to-panic-ahead-of-uk-vote/). Some have even said they don't know when they'll return to normal operations and trading conditions, others have changed all orders to close-mode only, some are refusing to trade EUR,GBP and CHF pairings altogether.
Well it is better to avoid trading for upcoming week. I believe once we know the results it will get soon or later get back to normal
Medlem sedan May 11, 2011
235 inlägg
Jun 20, 2016 at 09:42
togr posted:xgavinc posted:It could. But all brokers is sending emails about Brexit. Not referendum. It is like they had already left EU.togr posted:
It seems Brexit wont happen:)
https://www.bloomberg.com/graphics/2016-brexit-watch/
Still a close call. History has proven polls to be unreliable, anything can still happen as the number of people who have not taken part in the poll far exceed those who have, and some who want to keep their vote secret will instinctively choose the opposite side when taking part in a poll. I am however confident that a Bremain is more likely if voters actually understand the pro's vs con's and were adequately informed with facts and not propaganda.
As far as I can see from news reports, the term 'Brexit' has been coined as the de-facto term for the referendum as a whole, media reported 'Brexit' as referring to 'Decision to exit or remain'... 'Bremain' was only later used to clear up confusion in the media and not to steer readers into a direction and to clearly divide the supporters of each camp, however, most still use the word 'Brexit' to describe the referendum, it should not be confused as the article, report, etc. as favoring or believing the votes will call for an 'exit'.
For every loss there should be at least an equal and opposite profit.
Medlem sedan May 11, 2011
235 inlägg
Jun 20, 2016 at 10:01
Consensus:
A leave would equate to a lot more volatility.
leave - USD/XXX down, GBP/XXX up, EUR/XXX down (but not as much movement).
remain - USD/XXX up, GBP/XXX down, EUR/XXX up (but not as much movement).
Pick your poison or stay out of these pairs.
A leave would equate to a lot more volatility.
leave - USD/XXX down, GBP/XXX up, EUR/XXX down (but not as much movement).
remain - USD/XXX up, GBP/XXX down, EUR/XXX up (but not as much movement).
Pick your poison or stay out of these pairs.
For every loss there should be at least an equal and opposite profit.
Medlem sedan Feb 22, 2011
4862 inlägg
Jun 20, 2016 at 12:23
xgavinc posted:togr posted:xgavinc posted:It could. But all brokers is sending emails about Brexit. Not referendum. It is like they had already left EU.togr posted:
It seems Brexit wont happen:)
https://www.bloomberg.com/graphics/2016-brexit-watch/
Still a close call. History has proven polls to be unreliable, anything can still happen as the number of people who have not taken part in the poll far exceed those who have, and some who want to keep their vote secret will instinctively choose the opposite side when taking part in a poll. I am however confident that a Bremain is more likely if voters actually understand the pro's vs con's and were adequately informed with facts and not propaganda.
As far as I can see from news reports, the term 'Brexit' has been coined as the de-facto term for the referendum as a whole, media reported 'Brexit' as referring to 'Decision to exit or remain'... 'Bremain' was only later used to clear up confusion in the media and not to steer readers into a direction and to clearly divide the supporters of each camp, however, most still use the word 'Brexit' to describe the referendum, it should not be confused as the article, report, etc. as favoring or believing the votes will call for an 'exit'.
yeah they use term Brexit to describe referendum about it
Medlem sedan Dec 11, 2015
1487 inlägg
Jun 21, 2016 at 09:08
Why am I not surprised that the only brokers who don't want to take any measures to protect their clients during the referendum are the ones regulated by CuSEC (https://smnweekly.com/2016/06/21/exness-easymarkets-go-trend-keep-margin-requirements-unchanged-brexit/)? And all with the promises that volatility during Brexit will give people the opportunity to make more money.
